Financial development, competition, and economic growth

Abstract

In this thesis, made up of three chapters, three dimensions of the financial field relevant to economic development are studied. In the first chapter, based on a panel of data from 74 countries, the existence of a causal relationship between the development of financial institutions and markets and the growth of total factor productivity is contrasted; in the second, using a panel of data from 82 countries, the implications for competition of bank concentration; Finally, in the third, with a panel of data from the Chilean Pension Fund Administrators, the demand for differentiated products in the pension market is studied.